For the first time in a decade of its existence, Air India Express, the fully-owned low-cost subsidiary of national carrier Air India, is slated to report a profit for financial year 2014-15.
The Kochi-headquartered airline, which flies to Middle-East and south-east Asian destinations, is slated to post a profit of Rs 100 crore for 2014-15, against a loss of Rs 300 crore it reported in the same period of the previous year, senior Air India officials told FE.
The officials, however, didn’t reveal the top line or other financial parameters from the airline’s profit and loss statement for the recently concluded fiscal.
The financial results for 2014-15 of the national carrier and its subsidiaries are currently being audited by the airline.
03/06/15 Rhik Kundu and Pranav Nambiar/Financial Express
To Read the News in full at Source, Click the Headline
The Kochi-headquartered airline, which flies to Middle-East and south-east Asian destinations, is slated to post a profit of Rs 100 crore for 2014-15, against a loss of Rs 300 crore it reported in the same period of the previous year, senior Air India officials told FE.
The officials, however, didn’t reveal the top line or other financial parameters from the airline’s profit and loss statement for the recently concluded fiscal.
The financial results for 2014-15 of the national carrier and its subsidiaries are currently being audited by the airline.
03/06/15 Rhik Kundu and Pranav Nambiar/Financial Express
